Beacon Chain block 84052

Hash

a5706bc890c813f7bcb0c1ddd52c142b890a5587e6e3020c8842d4f98900d2b3a...

10 Dec 2021 01:39:23 UTC (3 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.